Tender rates for the Treasury Department’s latest 91-day and 182-day discount bills were lower, as the three-months incurred a 0.020% high rate, down from 0.030% the previous week, and the six-months incurred a 0.060% high rate, off from 0.065%. Coupon equivalents were 0.020% and 0.061%, respectively.

The price for the 91s was 99.994944 and that for the 182s was 99.969667.

The median bid on the 91s was 0.010%. The low bid was zero. Tenders at the high rate were allotted 53.31%. The bid-to-cover ratio was 4.44. Tenders totaled $119,763,396,200 and the Treasury accepted $27,000,328,100. The median bid for the 182s was 0.045%. The low bid was 0.015%. Tenders at the high rate were allotted 65.10%. The bid-to-cover ratio was 4.73. Tenders totaled $113,421,152,400 and the Treasury accepted $24,000,307,400.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.